Citizens, candidates, and commentators must make a crucial distinction between true capitalism and crony capitalism. In the former, entrepreneurs make profits by risking their own assets to produce goods and services that they sell to willing customers. In the latter, predators use political influence to obtain special favors or bailouts from government at the expense of their competitors and the taxpayers.
Only a separation of economy and state will eliminate today’s political corruption which is wrongly blamed on true capitalism. The following archived content highlights the difference between true capitalism and crony capitalism.
Lorsque les capitalistes politiques gagnent, les consommateurs, les concurrents commerciaux et/ou les contribuables sont perdants.
The reign of cronyism throws into relief two radically different breeds of businessperson.
L'esprit pionnier de l'Amérique est toujours vivant, mais il est usé par une culture peu encline au risque qui encourage l'abrogation de la responsabilité personnelle et qui favorise le consensus public au détriment du jugement indépendant. Il est usé par l'ennemi de tous les progrès et de tous les pionniers : un gouvernement surdimensionné et avide de pouvoir.